By Julie McKinney
While the Hickory Nut Gorge experienced more than a fair share of unusual weather conditions in 2018, the real estate market held its own despite having received feet of rain and snow. As has held true in previous years, approximately 50% of single-family home sales were in the $200K – $400K price range. And there is good news: sales in the $400K – $600K range nearly doubled from 2017, and the cumulative number of days on the market (DOM) decreased by six weeks. The table below is a comparison of 2017 and 2018. Having 17 properties under contract going into the new year is a great start.
|2017 Sales||2018 Sales (through 12/14)||Under Contract|
|Price Range||# of Sales||% of Sales||List/Sell Ratio||Avg. DOM||# of Sales||% of Sales||List/Sell Ratio||Avg. DOM||# Pending||Avg. DOM|
|$200K – $399K||78||52||.94||220||62||48||.96||176||5|
|$400K – $599K||13||9||.94||206||23||18||.95||200||5|
|$600K – $799K||11||7||.91||467||11||9||.96||228||2|
|Total and Overall Averages||149||.92||251||128||.93||199||17||165|
|NOTE: Data is from Carolina Multiple Listing Service and deemed to be accurate. Statistics are for single-family homes in zip code 28746.|
|Active Single Family Listings – Lake Lure As of 12/14/2018|
|Price Range||# of Listings||Avg. $/sq. ft.||Avg. DOM|
|$200K – $399K||60||$173||246|
|$400K – $599K||34||$249||230|
|$600K – $799K||16||$287||371|
|$800K – $999K||11||$340||477|
As a new year begins, many of us make resolutions for ourselves. It’s also appropriate to make “household” resolutions, even if there is no immediate plan to sell your home. You might resolve to spruce up your landscaping. Or if you’ve been in your home for years, resolve to update/upgrade/de-clutter one room. Deferred maintenance you’ve been ignoring? Put that on the list! It is often helpful to look at your home as if you were a guest or prospective buyer. When you pull in the driveway, what do you notice? As you walk through your home, does something suddenly catch your attention that ordinarily wouldn’t have? Making and keeping a list of projects that have been “good intentions” is always a good idea and makes preparing your property easier as “one project at a time” versus “there’s a lot of work to be done”!
Julie McKinney is Owner/Broker at Lifestyle Properties in Lake Lure, and can be reached at Julie@Lakelurelifestyle.com or 282-289-6794.